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Motoguzzie (A). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in U.S. dollars. Sydney Wholesale Imports has purchased $3,050,000 of

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Motoguzzie (A). Motoguzzie exports large-engine motorcycles (greater than 700cc) to Australia and invoices its customers in U.S. dollars. Sydney Wholesale Imports has purchased $3,050,000 of merchandise from Motoguzzie, with payment due in seven months. The payment will be made with a bankers' acceptance issued by Charter Bank of Sydney at a fee of 1.76% per annum. Motoguzzie has a weighted average cost of capital of 9.4%. If Motoguzzie holds this acceptance to maturity, what is its annualized percentage all-in cost? (NOTE: Assume a 360-day year.) The bankers' acceptance fee is S 31313.33. (Round to the nearest cent.) Calculate the amount received by Motoguzzie below: (Round to the nearest cent.) Bankers' Acceptance Face amount of bankers' acceptance Less acceptance fee for 7-month maturity Amount received $ 3,050,000.00 $ (31,313.33) $ 3,018,686.67 The opportunity cost of capital is $ 165524.65. (Round to the nearest cent) The annualized percentage all-in cost (AIC) is %. (Round to three decimal places.)

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